Friday briefing: Venezia FC secure €100 million investment after Serie A promotion
Friday briefing: Venezia FC secure €100 million investment after Serie A promotion
IMAGO
8 May 2026 - 4:30 AM
Venezia have secured a €100 million investment from a group led by sports executive Tim Leiweke following the club’s promotion to Serie A, according to a club statement.
The Italian club confirmed Canadian rapper Drake, who invested in Venezia in 2024, helped introduce Leiweke and his daughter Francesca Bodie as part of the transaction.
Leiweke has held senior roles across North American sports organisations including the Los Angeles Galaxy, Los Angeles Lakers and Toronto Maple Leafs. He has been appointed co-chairman of the club’s operating committee, while Bodie will become president. Leiweke said the group aimed to make Venezia “a permanent fixture in Serie A”.
Significant minority investment.
Venezia did not disclose the structure of the investment or the size of the stake acquired by Leiweke’s group. The club described the deal as a significant minority investment.
The club returned to Italy’s top division after a 2-2 draw against Spezia secured promotion with one game remaining. Venezia had been relegated from Serie A the previous season and will now compete in the top flight in 2026-27.
Independent Football Regulator to block unlicensed gambling sponsorship
The Independent Football Regulator has been urged to prevent Premier League clubs from accepting sponsorship from gambling operators unlicensed in the UK as part of its consultation on a new licensing regime for English football clubs, according to The Guardian.
Entain, the owner of Ladbrokes and Coral, submitted a response to the regulator asking it to clarify that clubs should not be allowed to enter commercial agreements with betting companies operating unlawfully in Britain. Several Premier League clubs currently have sponsorship arrangements with unlicensed operators.
Everton, Sunderland, Fulham, Bournemouth and Burnley all have shirt sponsorship deals with gambling companies not licensed in the UK, while 18 Premier League clubs have displayed adverts for such operators on pitchside LED boards this season.
Unlicensed gambling scrutiny grows
The Premier League’s voluntary ban on front-of-shirt gambling sponsorship will begin next season, although clubs are still permitted to sign agreements with operators outside the UK regulatory system. Some clubs are expected to move existing deals to shirt sleeves.
Entain chief executive Stella David wrote to Premier League chief executive Richard Masters in February warning about links between sports piracy and unlicensed gambling.
Sky seeks up to €1.9 billion from Telecom Italia and DAZN in Serie A case
Sky has filed a lawsuit seeking up to €1.9 billion in damages from Telecom Italia (TIM) and sports streaming platform DAZN over their Serie A broadcasting agreement in Italy, according to Reuters.
Sky alleges that a 2021 distribution partnership between TIM and DAZN breached antitrust rules and was designed to exclude Sky from the market. DAZN secured exclusive domestic rights to screen all Serie A matches from 2021 to 2024 in a deal worth €2.5 billion before agreeing preferential distribution terms with TIM.
Italy’s antitrust regulator ruled in 2023 that the TIM-DAZN agreement restricted competition and fined the companies €800,000 and €7.2 million respectively after changes were made to parts of the contract.
Hearings to begin later this year
Sky is seeking €1.1 billion in compensation for lost profit, while the total claim could rise to €1.9 billion once interest payments and alleged brand devaluation are included.
TIM said it was informed of the claim on 25 March and expects key hearings to begin in the final quarter of the year.
Manchester United confirm Dave Brailsford exit from club board
Manchester United have formally confirmed Sir Dave Brailsford’s departure from the club’s board of directors, according to a Companies House filing.
The filing stated that Brailsford’s role as a director was terminated on April 30, ending his formal involvement in United’s board structure after stepping back from day-to-day duties at Old Trafford last summer.
Brailsford returned to a broader position within INEOS in 2024, focusing on his responsibilities as director of sport and work with the Grenadiers cycling team. He joined United’s board in December 2023 after Sir Jim Ratcliffe completed his minority investment in the Premier League club.
Reshapes board structure
Rob Nevin, chairman of INEOS Sport, will replace Brailsford on the board. Brailsford had remained a director alongside members of the Glazer family, former manager Sir Alex Ferguson and former chief executive David Gill.
Jean-Claude Blanc, who joined the board alongside Brailsford following Ratcliffe’s investment, also stepped away from his position last year.
Liverpool freeze future ticket rise after supporter protests
Liverpool have revised planned ticket price increases after discussions with the club’s Supporters Board and protests from fans at recent matches.
The club confirmed that a previously announced three per cent rise in general admission prices for the 2026/27 season will remain in place, but ticket prices will now be frozen for the following campaign.
Liverpool said in the statement: “Following further dialogue with its Supporters Board, the club can now confirm an inflationary increase of three percent to general admission tickets for season 2026/27, followed by a price freeze for season 2027/28.”
Plans for price increase prompted criticism
Liverpool had announced in March that ticket prices would increase by three per cent next season, with further inflation-linked rises planned for 2027/28 and 2028/29. The plans prompted criticism from supporters, including protests during the Premier League home match against Crystal Palace.
Supporters held up yellow cards across Anfield during the Crystal Palace match, while chants against the club’s ownership were heard around the stadium.
Liverpool Supporters Board said it welcomed the revised approach and would continue discussions with the club over future pricing proposals and alternative revenue options. The board added that it recognised some supporters would remain dissatisfied with next season’s increase despite the freeze for 2027/28.